Archives for Home Buying Tips

How We Helped Phyllis Sell Her Home For $40,000 Over Asking Price

   Here’s a testimony from a client we recently helped transition into a new home. Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report Moving houses is often tied to happy moments in life – moving cities to start a new career, a growing family, a new life chapter, or retirement. But sometimes moving is a result of something less happy – and, that’s okay when you work with the right partners to help make the transition smooth from start to finish. For Phyllis Whittington, the need to move
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Exploring the Seller’s Temporary Residential Lease

   What you need to know about the seller’s temporary residential lease. Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report Today’s topic is the seller’s temporary residential lease. How is this addendum handled in a home sale? I’ll discuss both the seller and buyer sides. In our current market, this form is being used a great deal. Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in its entirety, or use these timestamps to browse
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New Contract Changes You Need to Be Aware of

  You should know these two important things about the new real estate contracts. Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report As of April 1, we have updated real estate contracts in the state of Texas. Overall, the changes that have been made are really good. There are two in particular that you need to know: 1. Earnest money. Earnest money had always been paid as a separate check or wire to the title company and the option money was written out to the seller in a different
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Surveys: What You Need to Know

 Here’s why property surveys are so important in real estate contracts. Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report Today’s topic is property surveys—what you need to know about them, and what the boundaries surrounding them and other annotations mean. In a home sale contract, there are three paragraphs dedicated to the survey that contain three choices buyers have regarding it. I’ll talk about each of these choices and what the survey represents. To start, a survey shows the boundaries of a property and any improvements that have
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What You Need to Know About Earnest Money

 Here’s some advice on how to handle earnest money deposits. Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report A lot of people don’t understand what earnest money is for, and more importantly, when there’s a dispute, how it is handled. Earnest money is “good faith money” that you put up into an escrow account on a home you want to buy. It’s a non-interest account that removes the home from the market and protects the seller if you default for any reason not defined in the contract. There
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Q: What Negotiation Tips Will Help You Win?

 Here’s how to strengthen your negotiation position in today’s market. Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report Here are seven great tips that can help you win out in negotiations as a buyer in a hot seller’s market: 1. Don’t nickel-and-dime the seller. Remove the items you can pay for, like the home warranty or boundary coverage on a survey.  2. Purchase the HOA documents. You can also purchase these to further ease the financial burden of the seller. 3. Bump up your earnest money. Typically it’s
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Q: Why Is the Seller’s Disclosure Notice So Important?

 Here’s what you need to know about the seller’s disclosure form. Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report The seller’s disclosure notice is a very important real estate document, for sellers and buyers.  If you’re a seller, it’s important to take your time and fill this document out correctly. I abide by the philosophy that it’s better to over-disclose than under-disclose. If you have a question about whether or not you should disclose something, you’re better off disclosing it. Most buyers prefer that you tell them about
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Q: Is Now the Best Time to Refinance?

 Is right now the best time for you to refinance? Let’s discuss that. Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report When it comes to refinancing, too many people get caught up in the numbers. Many people who currently have a rate of 3.5% see that interest rates have dropped to 2.7% and think that they need to refinance even though they haven’t considered what will happen in the long term. A good rule of thumb is that refinancing doesn’t make sense unless it’s at least a two-point
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5 Tips for Purchasing New Construction

 Today I’ll share five tips to help you purchase a new construction home. Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report Here are five tips to keep in mind when you’re buying a new construction property: 1. Have representation. The representative in a new-build home is there to represent the builder, not you. Their goal is to get the builder the best deal, and that’s why you need your own agent to help you negotiate the best deal. 2. Know the incentives. See if you can look up
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Q: What Upgrades Should I Avoid?

 These are the three upgrades not to make on a temporary home. Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report If you’re buying a home but plan to move in just a few years, there are three upgrades you shouldn’t make to your new house. You should instead focus on purchasing a property that already has these if they’re desirable to you. 1. Solar panels. If you’re moving in three to four years, don’t add these to your home. You won’t recoup the investment. Some appraisers give a
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